USD1 is a fiat-backed digital asset, designed to maintain a 1:1 equivalence with the U.S. dollar. Launched in April 2025 by World Liberty Financial (WLFI), a financial technology firm headquartered in Miami, Florida, USD1 aims to provide access to DeFi with the credibility and protection of traditional finance, offering a digital dollar that can be integrated into strategies for secure cross-border transactions. The stablecoin is issued and legally managed by BitGo Trust Company, a regulated trust entity based in South Dakota, ensuring full compliance with U.S. regulatory standards.